Forex Flash: 10-year US treasuries lower on Cyprus resolution – RBS

FXstreet.com (Barcelona) - The market continues to see a 1.75% to 2.15% range in 10-year US Treasuries. According to the RBS Research Team, “Key resistance remains 2.15% in 10-years, while the near-term support is 1.83%. Our bias remains to modestly lower yields in the near-term, though confidence in our abilities to "all even minor moves in this environment are ebbing as the dominant rate trend remains sideways.”

Treasuries are lower as risk assets rebound after Cyprus and the Troika announced and €10.0B rescue deal. Our overnight Treasury flows were very light despite the Cyprus news with no notable flows in Asian hours. However, total Treasury inter-dealer broker volume was 114% of the 10-day average through this morning.